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China's efforts to invest in new infrastructure at home will increase the resilience of global supply chains. This is because, as one of the most important nodes in the global value chain, China is a critical link in the supply, production and distribution channels of companies across the world, many of which have no physical presence in the Chinese market, he said.

China's economic and technological strength, and its composite national strength will rise significantly by 2035, and it will also make major progress in developing core technologies in key areas and become a global leader in innovation, according to a communique released after the four-day Fifth Plenary Session of the 19th Central Committee of the Communist Party of China.

China's official PMI also showed activity in the services sector expanded at a faster pace in September.

China's insurance sector saw premium income fall 3.33 percent year-on-year to 2.2 trillion yuan (9.3 billion) in the first half of the year. [Photo/VCG]

China's foreign trade sustained its upward momentum in October with notable growth and improved structure, the country's official data showed Saturday.